Order not filled and most likely will not today. I'm not risky enough to pay the current price.
*Investors Blog*
- Thread starter Warstud
- Start date
Me also. Not my kind of investment.
JHZR2
Staff member
I got my requested SPCX allocation at Schwab. I did the affirmation last night. They actually called me twice to remind me.
I was tempted to take profit but I’m a long timer and am ok with the risk.
I was tempted to take profit but I’m a long timer and am ok with the risk.
SPCX predictions?
All over the map, of course.
"It's tough to make predictions, especially about the future." Yogi Berra.
Beyond the rockets and such, there's Starlink, which I believe is already profitable.
I am a finance numbers guy; I can count... IMO, AI is where the $$ is. Here's one BIG reason why: Take an annual salary, say $80K to $120K for some kinda professional; or just pick your number. Add to that the Social Security, Medical and other benefits, sick time, you name it. Physical AI does not call in with the Monday flu and does not need benefits. Technology has been consuming jobs, improving productivity and adding to the bottom line for a loooong time.
But there is a bigger issue; that of our enemies, bad actors, etc. Tech is coming and the rate of change is always accelerating. You snooze, you lose. In a very big way...
Im not so sure that SpaceX will be at the forefront of AI ... Heck I will make a prediction of never.
RIGHT NOW, SpaceX'S STARLINK to me shows promise after losing money forever, it's coming onto its own. Seems like endless possibilities being able to provide data services and communications world wide... Im clueless though how profitable it can be.
Good news with Apple and Samsung agreement on cell phone communications back up with Starlink.
Ground breaking to me would be if they can get the cost of home internet service on par and better than the industry now charges... who knows, maybe that is in the plan. Again, I am clueless but I would dump my provider in a second if they could.
Too much of a gamble for retired people. They may not be alive. The young, maybe, if they trust Musk. Not to forget his PayPal fiasco and being forced out. He still has to prove himself for companies to make money. Everything is still speculation, including Tesla, even the battery and solar division struggles.
Not being negative on the stock of either company, never fight the market is my moto. The public buys into his stuff, the risk is, if the day comes that they stop buying into the prospects, there are no earnings to support a floor in the insane prices. One can get wiped out just as easy as a gain. Speculation has great risk and great rewards. Only 41% of Tesla share holders are institutions. 35% the public (retail) and the rest are Tesla insiders, just under 25%
I’m not convinced this will be as successful as everyone thinks. But I’m also not convinced anyone should short it either.
